[ad_1] The US decision to pause tariffs triggered a strong recovery from lower levels in US futures overnight, setting a positive tone for Asian markets in the morning. In line with this, the Indian equity market saw a big move amid positive cues. Company Value Change %Change The Nifty 50 index opened with an upside […]
Torrent Power shares see a 10% drop on Friday — Factors behind the fall – CNBC TV18
[ad_1] Shares of Torrent Power Ltd. fell as much as 11.6% on Friday, marking their biggest single-day fall in three years. The stock eventually ended with losses of close to 10%. Company Value Change %Change The stock has declined in five out of the last six trading sessions. The stock was a part of the […]
Torrent Power raises ₹3,500 crore through its QIP; 50% shares issued to one MF – CNBC TV18
[ad_1] Torrent Power Ltd. informed the exchanges on Thursday, December 5, that its board has approved the closure of its Qualified Institutional Placement (QIP), which it had launched earlier this week. Company Value Change %Change The company has raised ₹3,500 crore by selling shares to eligible institutional bidders, it said in an exchange filing. Torrent […]
Torrent Power Q2 profit drops 8.6% on lower thermal, renewable contribution – CNBC TV18
[ad_1] Torrent Power Ltd. reported an 8.6% year-on-year decline in net profit to ₹481 crore for Q2 FY25, compared to ₹526 crore in the same quarter last year. The drop was attributed to a reduced contribution from thermal generation, largely due to lower merchant sales, including LNG, and decreased electricity demand driven by prolonged monsoon […]
Torrent Pharma Block Deal | 3.1% equity worth ₹3,238.9 crore changes hands – CNBC TV18
[ad_1] As many as 1.04 crore chares or 3.1% equity of Torrent Pharma worth ₹3,238.9 crore, changed hands in block deal at ₹3,108 per share on Wednesday, October 30, 2024. On Tuesday, sources told CNBC-TV18 that Torrent Investments Pvt. Ltd was likely to sell up to 2.9% of its stake in the company via block […]
Torrent Power shares surge 10% to a record high, extend 2024 gains to 90% – CNBC TV18
[ad_1] Shares of Torrent Power Ltd. are trading with gains of over 10% and jumped to a record high of ₹1,780 on Wednesday after it reported its June quarter earnings after market hours on Tuesday. Revenue for the quarter increased by 23.3% to ₹9,033.7 crore, while Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) increased […]